H-P to Combine Printing, PC Groups

3/20/2012 4:00PM

Hewlett-Packard is hoping that by combining its personal-computer and printing units, it will be able to spur a turnaround. Plus, Bernanke faces a different audience, Peyton Manning confirms he's a Bronco and how much will people pay for data for their new iPad. Photo: Reuters.

This transcript has been automatically generated and may not be 100% accurate.

... the ... the trouble to get that giants that I got this to combine its printing and they say clients ... the question as well let's let the company ... I'm all right here ... right now on the New Saab good afternoon and welcome I'm Simon call's will Bennett meets on wheels and whatnot ... George Stahl in its plan was to monetize a corned of I'm a great on the album is better ... by age eleven and two when Mrs is Meg Whitman ... trying to get HP its mojo back ... that combining these two groups why ... why they think they still simplified competed and Evan makes more sense of what they're combining is a printer ... business as well as the PC business ... well those devices the subsequent consumers and businesses so but by combining the ability to begin better cell phone product what book deviations are revenue heavy deviations order the book became ... as people are moving to tablets and now pronouncements on ... so what's ... what ... you know ... what's the ... outcome of this what what exactly happens our ... is the I did this for free ... a platform for all the engineers can work together and streamline these products are much better to streamline a printer and then you see and what what what he can streamline its sales force Sudan said in a separate Salesforce's of PCs and one to suspect that he had been combined and just really caught cut costs by doing that ... in the long run I think that this is just one movie in terms of a larger instruction that we are seen going on in HP and and on ... under baked bread with it ... this is I didn't even move it seems or destroys HP ... I could've been devoted to stories predicting it spun off like Lael had wanted to again let's hear what but by keeping it ... on the I think I think it deserves a lot of reading a lot of cash flow within the company I'm and I mean that I'm at so and ... our economics of the slippery ball moved Meg Whitman County adjustment in the jaw IQ to manage to rise making a bold move like this ... we expect more all moonshine though and I think more is needed and expected from her restarting made the first form of personal pointy up spitting it all ... and so by keeping the in house and this is within the next that book at the cute in an in house where the dough into thirds of its funny that HP is public knowledge most for its prayers and words PCs but they had a tough time ... Bryant's ... it on every head combine these two units hurts but the mop Leyland to spend all that that the PC business to suffer from businesses that each of us is the issue with a tough time ago and ... I wonder you know there's a lot of ... buzz around this move out recently that they ... are ... this is simply about cost cuts are people starting to see a plan a real and came here for one HP is going to look like into three for five years to my ... yet that that I'm that much of it ... in its present it's up just yet be yet again this is just the the the first few incremental steps to line the company up for something ... even more pronounced lair on what that is a mantra people have a feel for ... what ... this is just a peaches was sort of one step in that in the quarter inch button subprime produce aim is to make the cash cow business and trying to squeeze as much cash out as the camera by cutting costs of many other ... businesses which may seem almost like the consulting businesses which is which is part of the intellect of the ad revenue ... I'm MarketWatch a quick read and write yet the data and also the enterprise servers and and networking businesses ... that that also was was very big for them ... because that that threat as people speaking with all this detail ... companies and people who place the storied and that's what each piece hoping to provide ... so the cop that to be established with the PC and printer businesses are the same ... sort of supplies the need to up and networking business here with us and breaking news on our Calyon out on the company reported a nine billion dollars of revenue but just when the show to nine point two billion they're expecting ... one thing to be on the earnings of sixty two cents a share versus fifty six cents ... expected not quite white up from fifty four cents a year ago so ... aam considerable George your new also look adorable all all the time ... you were saying ... that ... you weren't up there with them Apple keyboard you have um um um it's a win in the second is the best method of running didn't switch white Whitman ... is good although I was all light so that that is I discovered new concerns about the business or spend a lot of pressure with businesses devil with a software to play out these were Salesforce dot com has been a big notch to to court to foreclose responded by making some purchases so that companies like right now ... but Yelp ... a TNT hadn't willfully ... called ... formally cut them into the company yet ... what that's the way that people who seem to ... me how the stock is doing and how the markets he was what the reaction to not because its content is two things going on here ... that that during the tightening of the remaining half the market is up one point six percent I think that's what that means that ... I'm one of the art ... that that is there a topic that the supply one field though and and and the penance and ... what ... isn't negligible mispricing to one thousand dollars ... on hold for two hundred ... and twenty million I think ... what what what the numbers it's small compared to the minefield cents less per month to find work or investor I want to see that this company ... can throw up profits and earnings without going out having to buy companies ... and ... they were at our twenty can grow organically and ... cannot do deals ... on Tuesday the Number smoking career you ... might think that has been a long time friend or when a good thing to do deals obscure was really don't want him to run the company ... I was there ... maturing debt there was that ... the specified all I'm doing a test of the current year and George ... Ms was thank you Brian much Tom now it's time for the markets the wellness ... goals ... and it's all to do with China we talked often Cheng here to explain to us Jonathan thank you Brian much for being at ... wat about China ... this morning people now ... well that was sentenced in China have been sort of ... bubbly at the back of people's minds for several weeks and several months back to ... in the fall people ... planted a three Century had but ... we were fighting back here in us of Washington and the debt ceiling mural their issues ... in China China was always a thirty so that ... out we saw earlier this year growth of target coming from eight ... percent to seven point five ... now you have ... a huge he basically saying ... they are now painted BHP is the final producing primarily isn't the best one-month primarily on automation iron ore from Australia and other countries ... to China to make steel ... and it's seen as a leading indicator of economic activity right that's why the status because China is going so quickly and so much of China's growth is infrastructure and in building up these are the things that require steel require ... yell I'm a lot about from sources so the seat ... of caution from suppliers that it is warning sign ... is that one percent right about commodities and are two ... things that China needs to grow person about ... disappointed no purses in ... a country like Canada which had to write the actual resources had the ... opposite is the concern to them ... what about the United States what about our economy we seem to be pulling out of things ... isthe is the latest development this is really enough to put ... our throw cold water on our recent ... meeting of the family but certainly for the stocks that are sensitive to this the US the US has so many multinationals to the caterpillars ... I wish I think it's Friday as I write mine is needed to get outside and and oil today Biggest Drop one-day drop for three-month seesaw ExxonMobil and he saw Chevron's all of these guys because Alcoa ... you know the aluminum maker so ... it's it's it's just ... well perhaps ... I'll be ready to demand in many markets to know it will be conducive to from now ... on set as the Dow down nine point five percent not a whole lot that Italy was the top ten days or so and and as the asthe mass text of the tapering off that not so bad that that it is down ... I'm envious Bates twenty down to Iranian oil next I think of ... them will be ... focusing ... it was all ... about that that that is quite Climate since ... the weather not so subtle ... two bucks forty one break point Park to ride out so well that that's the level of the five boxes sold ... to the wives of some of the West Texas Intermediate one which is not the benchmark we price our gasoline off and on the nice guys ... the IRA to say that in the market was terribly ... once the camera but it didn't overreacting to the China News as well as the online show what ... did you expect to see it in ... oil prices where ... you know that's that really gets what the market matter what time ... on is talking up a mortgage ... this is just ... for signing me and this evidence is borne out and ... what's the what's to come back and it's all thank you Brian much often Cheng catch Jonathan and again allied weekdays at ten thirty ... for the Markets Hub ... well ... we love the new I pad just sucks data plans and Ryan to tell you all about that and the ninety putting on the professor kept once again ... after the break ... with that with all the news up at WS J live I'm Simon Qassam on in case you missed an Oracle has reported earnings revenue coming in at around nine billion dollars slightly shy of one point two billion that was expected ... but earnings coming in the sixty two cents a share versus expectations of fifty six cents a share up and came in your ... piece of that written on this ... that and I'm not anywhere that's why I have to buy ads that they come from the system isn't as if anyone now we've got we've got lucky now ... on salon about the men Anqi putting on the professors can again and a new Lipschutz and last week ... I've been watching this one while Summit ... and the men Anqi is doing ... a series of watches is ... listed for cancer and from the states to teach history ... I mean was it was fun to watch that I think the student into a large university get a good meal ... together as well so yet he's doing ... of ... four lectures obviously ... before serving in government he was a professor at Princeton University in another universe is for many years and ... profess to be happy ... back in the classroom and ... you know if you wanna make some bigger picture and ... what he's doing it's yet ... another ... of communications tool among other things what for Nanking is done in his presence is the mystique raise the profile of the babies the sixty Minutes interview CDOs press conferences now several times here ... and I think it's been necessary because ... of what's with the Fed's extraordinary measures in a legal mind and subsequently all the key defense take ... DS to play opens politics ... are especially given ... the slings and arrows from camp I can serve as people like Ron Paul Rick Perry ... who have no use ... the word traitor ... I wanna talk about ... a potential threat ... to what the Fed ... is doing what it stands for ... yeah my question is I would get nervous when I see these guys ... like at present Obama switching appearance in ... Churstain and ... then to Denver Nanking I'm giving a lecture wonder who's minding the store ... up but that did to decrease any insights of ... I mean ... can always try to read the tea leaves shows ... you what to that set the suggestion were just receipts for ... the quick answer is no certainly nothing that I caught on that but sure I mean I would imagine that ... a lot of folks on Wall Street spent their mid day walk and Fletcher now ... just not to get caught up on the fact ... which I learned that ... the first central bank was in Sweden still more than sixteen hundred ... preceded the Bank of England ... so ... you know I show people looking for tea leaves I don't think they were ... maybe he or BB as we go watch up through this re elected he will get the point where he discusses ... the ... reaction ... in a legal line will get a little closer ... so obvious things that she knew he stood for he stood for again he pointed out ... the dough is very even-handed Rani pointed out some problems with its Gold Standard Now and he did say that ... they're white gold standard while he understands what ... so there are some proponents of the ... woodwork in the contemporary world so you know there were some kids are out there with her impressive that is very impressed with the students got about ten minutes of the end ... there's questions ... they were retweeted questions in the Tri that I get ... back to the son of current situation now the fun is coming out to meet Auntie Anna Sui Nestea right um ... guess right now they actually I think he pointed out there she thought in nineteen fourteen Wallace past ninety ... eight NetApp Murray seems to be essentially is the sun is setting up to sign like we did a great job is the role ... last week which does all all people back to wish you would want to be a full time professor had no I don't think it does but he's not the person says to make of it you'll probably wind up in some ways defending what he believed that to be the right way to do and you can see everybody talk about that he's an activist Fitch and much of it because he is a scholar about the great depression ... and a lot of people not the Denver Nanking think the central bank meets a big mistake during the Great Depression ... that exacerbated ... was already bets into one of the ... the result of a thousand ... what I care to was a pleasure No National isn't what ... it is less to check out the flaw online ... What took the top ten Manning is as is a Toronto lot more on that after the break ... with that with more on the News Hub to add WS J live I'm Simon Constable while ... Romney and Santorum of ticking am in Illinois today in the primer am on and take a look and how what's going on that when Patrick Brady is the Illinois RNC chatty joins the new supper now to discuss ... the profile of the presidential campaign thank you Brian much for joining us we really appreciate it ... aam ... it's not unusual isn't fooling alone going to have such high-profile an a in any primaries season ... but this year and has tried ... the first time since eighty eight one ERA ... George Herbert Walker Bush into the campaign of the bud already know my ... so ... just just taking on ... a rough one ... the Illinois you caught the unemployment rate is over nine percent over the national average ... you've got a foreclosure rate ... that is also above the national average of about thirteen thousand and ... change ... homes are in foreclosure right now in your state ... all the candidates talking about the run additions ... to Illinois ... Republican voters that mean we've got sick got some serious economic issues there ... are it's all the talk about to ... you know the Rick Santorum and women's rights and all the stuff is and isn't sure ... what to one or two for one here ... eight the two former governors in the penitentiary ... try to ... get there ... I don't like it ... but you know I don't think Rick Santorum as I think he gave at ... my speech Friday night minute of digressing into some discussion of prosecution of ... child photography which we operate the bad bank but ... when you're ... from Illinois in year ... nine point three and persona pointed ... to a forty eight ... worse in the country for job creation most the people wanna care bout ... of assistants and office ... get out of the Guardian I think net Romney's does done the best job that ... you can't use them to like it ... some didn't miss a parade need to do you think that the campaign and it's the it's time for some money to candidates to stop propping up because this campaign has been ... winning ... an awful fight between these four candidates is to spend ... aam unifies contest the fines punch week after week after week and is not doing any damage or is this kid could process ... that you think is a mean just makes the eventual candidates strong bet ... against a sitting president ... well I guess a couple ways or debt if we do this and we went in November under the geniuses ... dot with this that ... the enemy copper change about my Pursell opinion as ... everyday we spend on the campaign trail not ... talk about will review the future the country and in making our comparisons that ... Pres Obama the day with so ... I'm thinking sites can be decisive in the Governor Romney get a ... good sign when your pick up a majority the delegates to think he's going to ... it's probably time for the other guys think about what to do so and so does that stand right in front of the debt troubled former Governor Romney wins tonight you hope the other candidates drop out ... I think they should start thinking that I can somewhat dearness orders out here take them but ... I think for the good of the party in the Republic ... we start talking about the big issues of the day which ... are still audience is mainly the top ... just when it serves ... on the subject and ... what you think ... are the the the the clash between these candidates and what that the messages that drop ... to one or the ... colors that swamp ... independent voters were of course the key to an election in this country ... economic issues and that's why ... the need to do so well I mean ... talk about before ... the stage really hurting ... as well as the country ... people are now operating in the economic advantage on again now that things just don't know if ... it were to be a better country I think people are ... fed up an online ... to be perceived as both based animation and declines I think you ... are on the second message acting governor Santorum can help something gets off on these ... issues that cannot help us with them and is ... intent on telling the memo Michael ask you to think nor met Romney can win against Obama ... the elite guys that destroys the beans all very fast over the ... Bears for disaster the weekend ... the stock twenty points in your senses first twenty thousand or so ... upside was that this is probably not most of the God ... zero win on the death of my ... OK thank you very much up to ... eighty are in the chat ... aam from LMI we really appreciate your time today fathers that it's FSL calmly up some men Manning confirms he is abroad Telmap Mall map shortly but first tell the new I pad just sucks Data Plans try ... I don't run off in a tell us how ... much weight but the difference try ... well it's fascinating the EyePet has been out for the new EyePet has been out for less than a week just a few days ... but already people are running through the data plans have been bought from ... within hours ... then in the meantime months but I'm yet ... well that ... awesome like that people are you know Verizon get two gigabytes of data for thirty dollars and so was gonna die ... I talked to God you know one that went to the NC double A basketball team in his hometown and that ... brought his I've had with him to ... watch the other teams about that were happening in other cities which you have to think about it this is maybe the technology the future ... but ... you in in just a few hours he the doctors didn't ... know what is that this is something that you obviously feel like streaming video you might think that's can it be a little that they are going over the network ... of other users who were just running the EyePet syndicate using it for few hours in some and looking up and saying ... you almost reach a month ... yet well I think people just don't realize how much damage the things can seem so obviously I'm ... streaming videos the big one and since this ... I pad has a high definition screen that the streaming video on this one actually take some more data ... than the streaming video ... highlights of the number of pixels all the more pixels on this train them lights on like four times the amount of our behind to TV so it is is like four times the state is on with the ten of its four times as much but it's you know it's more for sure sure you know ... I'm one of the people in our government these things frightened ... to say we should get an four G again of course ... you know that that is I will say ... and to love this beach is very addictive and I think I think that's ... that's the trick is that ... you find yourself doing a lot more because you don't have to be as patient waiting for pages load in the connecting ... to a finer still doing a lot more on it ... and it's so much so much easier ... which of course now all you know was that was their hope on shore ... but there is a drawback and of course none of these plants are offering unlimited data and correct correct and so the question is ... you love the speed but how much are you willing to pay ... for that's the ... and ... you know the with that thanks to that's a good in in in a note of gigabytes and I were stunned and that's ... sort of what the I pad what does it isn't time to do is there a way for you to some of the D grade say I want the less aam Oscars pitch up on Google as a spectacle must say that I missed the data margin for sure I think its app developers look at how people are using their content ... on the look for ways to give users options that I think you can also gain on top of the ... LTE as a professor at the turn and operate so ... far there's one time I knew I ... know I mean I'm sorry but it's not as if on ... the records ... so the ... loss of the other two new trends in ... the other thing that can happen is that carriers can tinker with about their actual pricing plans ... so for instance slumping to a TNT is talked about is to have the app developers and content providers ... pay for the data ... so for instance it here if you know ... if you like what Netflix movies on Netflix or whoever could actually pay eighteen T for the debt of their traffic uses though doesn't count against your plan ... but you still can apply for what I mean yes ... please don't always get the ... we have deleted that ... thank you mom read ninety reflation Anton Troianovski ... from all the Wall Street on read mall Mac in tomorrow's paper ... we got ... that medicine now tech Manning confining he's a Bronco ... last night saying yes that it's a done deal it's a done deal yet on the lookout we went with some companions can get when you probably know ... that underneath it absolutely but ... the skin from sun was drunk and he has four times tangible ... Aikido supplies else I he's still there right now there's no way you keep a potential starting with the new roster when you can straighten and get some before it's ... okay ... will somebody get this awesome ... started ... Schachter Ma playing career ... rockers ... starting this reform ... I can tell this organization ... is committed to winning ... the Broncos ... you have incredible friends that love this team ... this truly is a special football environment ... I'm glad to be a part of it ... many saying that the brokers act when the commented to winning but you and the thing is that going on in twenty one points in the last year ... that's not a way ... well I mean it's easy to see that when Anya by Euro ninety six Manila contract but ... yet certainly looks like the Broncos would better ... to look like the class B and C was ... still a young receivers I'm not sure this was the best different in terms of the most increases ... apps ... so does your read on to the confines ... of other teams become share to almost one went to overtime ... on and really everyone talks about the quarterback play games ... that can force that with ... aside from its offshore ... but here's my question ... Pittman has a neck injury debt ... this seems like a cute dress for the Broncos low-cost giveaway ... the quarterback ... who has a walk across America really is a national figure ... Miniwiz was that the kid ... after the first preseason game could be offered recently is that they let that if you are ever to move on from Tim Tebow which clearly if you've read between the lines all this past season ... China only wanted to ... this is how you he said to be a mess and obviously the former legendary quarterback and one says it will stop ... Tebow became very popular for weddings and for who we is to move on they needed to bring an icon and do better in a manner that will see whether he can stay healthy with no idea ... but this is the kind a guy who at least bans this was an OK we're moving on from the network is said to tell someone you might not go into sentences can design something to do with the offense ... while I think that part is he was talk about how the company isn't it CEOs were displayed a school career ... to be on a learning curve in terms of going over to unfamiliar conference ... but honestly I really get it you know he's a plainclothes whether he's not ruling that the that ... the US auto altitude of the season is not so it's been it's like I went on to conceive of a convert to lie ... directly people say that Denver has a big home builder as planned I'm not ... convinced of assets in the case anymore ... but it's can be adjusting well and in the NFC West you're playing in sentences go euro zone Seattle dancing with ... the nurses don't think I was still ... sure ... to be the roughest the sort of climates ... there are ... now don't get any any STDs don't agree with that ... that would describe what happened the playoffs is best ... of ... times and times of our forces have selenium sees weaker ... but still this is not the best team in terms of town ... will Mobile will call you back as as the season ... with that Costco is never going to write the ability of the euro against the dying on weaken a week it's honestly would say ... something to do what ... they want to thank you Brian much ... Madison check that on the beest dot com ... while ... knockoff than men twenty publisher tries to tackle its heavy debt burden and make up my specs up the banks of the report online for news on the Sonny's alas but he was the cover new show company ... you know if you talk about her except for when the FBI wants the reason is that it's an ... important ... so not my fault people ... often Mifflin Harcourt is a Boston based publish a textbook publisher to ... detect buts also publishes a below are often ... told in books but but it's not it's not so much fun on because the goal is that yes they got more than three billion dollars of that and this company actually restructured wants to read the two years ago at seven billion dollars of debt ... what the foregoing of that turnover ownership to creditors including also ... an avid capital ... up but you know ... another stock that Assad can win the little that the state and local governments are cutting back which means less purchases of textbooks ... on that market according to Moody's is down forty percent of the past several years so for today and that ... means that exports yet it's up twenty percent ... the spot of Iraq I'm ... not dreaming that's where that's one of the disadvantages of being refocused yet yet met ... at the end of term probably more than a hundred million dollars in cash this year and it's it's a it's a difficult spot for the rest of the company is a terrible company said ... all this debt and they just ... what they can do is compete because they have to ... divert all these funds to make interest payments on debt ... instead of investing in their own ... public the textbook publishing industry and already were saying ... look ... we always talk about ... rarely are in the show ... you know you've got to ... Apple to bring textbooks to people ... worse it is in the wake of the future market and forgive me at the last time I think we're ... together ... we're talking about another company Kodak what was he like and location of two year old or not further ... as far ... or somebody say that the yet now I mean the canning first Apple well by Greece and then ... buy textbooks tell our children ... and this is I mean Apple's been a promise I that Kodak also is going on ... so I mean you know this you see as time moves forward here ... as you mentioned that there is a technological advances year and have the printed page ... now people who are often having trouble ... very quickly on the home is on attracting right it's full of books that is is one of the key things that of a publisher ... they can be very pressed to do that is the beginning of the spiral ... what is to get everyone can get their enters into the box and not just a nobody wants that I'm that the main thing that they need to do is to find a way to reduce its debt load ... so that they have more cash to spare trying I'm ... trying to go we were some cost a lot of them Nathan Hauck for enough time to get out from an event that look like to read watch and Mike Spector of the regional will last many wants a new company ... several meaning and that is why they like to find much ... that's it that's new supper now I want a comeback at five for Opinion gentle of the groovy opinions back and tomorrow will be about what a full slate of programming ... at the beest live I'm Simon call's the we you have a wonderful evening but ...